Cipher Mining boosts Bitcoin mining capacity with powerful new machines
Cipher Mining, a company in the US that mines Bitcoin, is boosting its hash rate capacity to over 7.2 EH/s with the purchase of 11,000 new machines. These are part of the latest Avalon Made A13 series and are super powerful, making them perfect for Texas summers. Cipher expects to have these new machines up and running in the third quarter of this year. The company is already a leading Bitcoin miner and aims to maintain its position with this new purchase. In other news, Bitcoin’s hash rate has hit an all-time high before dropping slightly, and mining difficulty has fallen too. Cipher’s stock price dropped a little bit, but that’s okay, because they’re still growing and mining more Bitcoin than ever!
Clever Robot News Desk 10th May 2023